Chinatown's 84 Dixon Street being offered for sale

For the first time in a century, 82-84 Dixon Street, Haymarket, located in the heart of Sydney's tightly held Chinatown precinct, has been listed for sale with a value of about $18 million. The property is expected to receive strong interest from investors due to its rental growth and redevelopment opportunities.

Knight Frank Australia's head of Asian markets, Dominic Ong, and director Asian markets, Andy Hu, are managing the sale of the property on behalf of a private entity. According to Mr Ong, the premium location of the property, as well as its redevelopment potential, will make it an attractive opportunity for investors.

The main walkway in Chinatown, Dixon Street, is an attractive opportunity for investors. Credit:Fiona Morris

"Chinatown is a tightly-held area and opportunities like this don't come along very often. The last standalone property to sell on Dixon Street, pedestrian lane, was some 30 years ago, and this property has been with the same family for about 100 years.

"We expect to receive significant interest from local and international investors. 82-84 Dixon Street has enormous potential and is significantly underdeveloped," Mr Ong said..